Amazon.com (NASDAQ:AMZN) had the price target upped by Equities research analysts at Argus to $1,900.00 in a study published to clients on Tue. the company presently has a buy recommendation on the e-commerce giants shares. Argus price target points a possible increase of 10.87% from the firms present price.
Stocks of NASDAQ AMZN started trading at $1,713.78 on early Tue. Amazon.com has a 52 week low of $931.75 and a 52 week high of $1,763.10. The corporation has a debt-to-equity book ratio of 0.78, a quick book ratio of 0.77 and a present book ratio of 1.06. Market valuation of the company is $824.79 B, a price to earnings ratio of 376.65, a PEG book ratio of 4.42 along with a stock beta of 1.61.
AMZN has been the discussion subject of many other reports. Citigroup raised the price target on Amazon.com to $1,900.00 and issued the company a buy recommendation in a analysis report on Fri morning, Apr 27th. Cascend Securities initiated coverage on Amazon.com in a study report published on Fri, May 4th. Analyst fixed buy recommendation and a $1,800.00 PT on the shares. Credit Suisse Group reaffirmed an outperform recommendation and fixed a $1,950.00 target price (up from $1,800.00) on stocks of Amazon.com in a study report published on Fri, Apr 27th. Wells Fargo & Co reissued a buy recommendation on stocks of Amazon.com in a study report published on Fri, May 4th. Lastly, Stifel Nicolaus reissued a buy recommendation and fixed a $2,020.00 target price (up from $1,800.00) on stocks of Amazon.com in a study report on early Mon, Apr 23rd. Three brokerage firms recommended the company shares with a hold recommendation and fifty-two has issued a buy recommendation to the share. Amazon.com has a average recommendation of Buy and an consensus price target of $1,721.36.
Amazon.com (NASDAQ:AMZN) previously announced its periodic earnings reports on Early Thur, Apr 26th. The e-commerce giant posted $3.27 Earnings per share for the period, topping analysts average forecasts of $1.80 by $1.47. Amazon.com had a ROE of 11.77% and a net profit margin of 2.04%. the company reported sales of $51.04 B for the period, compared to analysts anticipations of $49.94 B. for the same period in the previous fiscal year, company reported $1.48 Earnings Per Share. The companys for the quarter end, revenue was upwards of 42.9% compared with the same period in the prior year. brokerage firms forecast that Amazon.com to post 12.73 earnings per share for the financial year.
In other Amazon.com news, Chief Executive Officer Andrew R. Jassy unloaded 1,726 stocks of the shares in a trade that took place on Tue, May 15th. Shares were disposed in a price range of $1,574.33, amounting to $2,717,293.58. after the closing of the transaction the CEO has an ownership of 86,419 stocks in the company, assessed at roughly $136,052,024.27. The information was declared in a transaction filed with the securities and exchange commission, which is available at this link. Also, Director Patricia Q. Stonesifer unloaded 1,375 stocks of the shares in a trade that took place on Wed, May 2nd. Shares were disposed in a price range of $1,580.98, amounting to $2,173,847.50. after the closing of the transaction the director has an ownership of 11,002 company stock worth at roughly $17,393,941.96. executive have unloaded a total of 10,493 stocks of company shares worth at $16,569,014 during the last 90 days. 16.30% of the shares is presently held by corporate executives.
Investment firms and many large funds have acquired or sold some of the position in the company. Summit Trail Advisors raised its holdings in stocks of Amazon.com by 180,406.1% in the 1st period. Summit Trail Advisors has an ownership of 9,848,415 stocks of the e-commerce giants shares valued $9,848,000 following purchasing an extra 9,842,959 stocks in the previous period. Norges Bank bought a fresh stake in stocks of Amazon.com in the 4th valued at $2,736,365,000. Harbour Capital Advisors increased its position in stocks of Amazon.com by 100,947.5% in the 2nd period. Harbour Capital Advisors has an ownership of 2,302,872 stocks of the e-commerce giants shares valued $2,379,000 after scooping up an extra 2,300,593 shares through out the previous quarter, Vanguard Group increased its position in stocks of Amazon.com by 4.8% in the 2nd period. Vanguard Group has an ownership of 23,795,875 stocks of the e-commerce giants shares valued $17,028,804,000 after scooping up an extra 1,082,051 shares through out the previous quarter, Lastly, Emerald Acquisition bought a fresh stake in stocks of Amazon.com in the 2nd valued at $479,380,000. hedge fund investors and investment firms has an ownership of 56.66% of the firms stock.
This article provided by NewsEdge.